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Guru Garzarelli Takes Reins at Forward Funds

Woman who called the 1987 market crash but fizzled as a fund manager gets tapped to run Forward Equity.

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Stock-market soothsayer and private-money manager Elaine Garzarelli will again try her hand at running a retail mutual fund.

The woman who correctly called the market crash of 1987, but whose efforts at running mutual funds later sputtered, will take over Forward Funds' domestic-equity fund.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.